Spending wild

While the economy is sputtering in the US, it seems from the outside that the economy is going strong in China, even if their stock market is in a nose dive. In China they are building the world's fastest train (236 miles per hour), they will spend $62 billion on 97 new airports to be completed by 2020, and building at least 3,107 miles of expressway this year which would make China second only to the US in terms of total highway miles. One of the unique new buildings is a 682 foot tall Ferris wheel that will open in 2010. The attraction in Beijing will cost $290 million and and dwarf the London eye which is only 443 feet. The devise will have 48 air conditioned capsules and on a good weather day (if that is possible in Beijing) there should be a nice view of the Great Wall.
Gil-

Post Olympics Glow

Have the Olympics hurt or helped China? My feeling after seeing all the changes and developments in China is that they have taken several steps forward. They are still developing and implementing new ideas so the end benefit might be several years away. However, the process is starting and I look forward to significant growth in the China sport market.